Ireland: CRH’s operating profit has grown by 39% year-on-year to Euro1.28bn in 2015 from Euro917m in 2014. Its sales revenue grew by 25% to Euro23.3bn from Euro18.9bn. Favourable weather, encouraging markets and currency benefits were all attributed to the
India: Ajay Piramal, the Indian businessman and chairman of Piramal, has started talks with Lafarge India to buy its assets, according to sources quoted by the Economic Times. Speculation has followed Piramal since he sold his pharmaceuticals business for US$3.8bn in 2010.
National cement production in the Dominican Republic reached 5.18Mt, an increase of 3.2 per cent YoY, according to official statistics. This represents 75 per cent of the country’s installed production capacity of 6.91Mt.
Philippines: A shortage of cement has been reported in the Pangasinan province due to government projects, including road widening schemes, and private construction. The local Northern Cement Corp. (NCC) plant at Sison is producing around 100,000 bags per da
Philippines: Holcim Philippines has reported a rise in net profit of 58% year-on-year to US$171m in 2015. Its revenue rose by 15% to US$793m. It attributed the gain to increased government spending in infrastructure projects and higher construction activity.
Vietnam produced 10.8Mt of cement in the first two months of this year, rising 15.8 per cent from a year earlier, the government-run General Statistics Office said.
In February the country’s cement output rose 26.6 per cent YoY
Reuters are reporting that Nigeria's stock index increased by 1.41% on 29 February, supported by investors' interest in the shares of Dangote Cement. The company accounts to a third of the local bourse capitalisation.
Dangote Cem
ThaiGroup JSC has received approval from the Peoples’ Committee of Quang Nam province in Vietnam's central region to develop the second cement plant in the area.
The company plans to build the plant on an area of 6.5ha in Thanh
India: Emami Cement plan to build a 2Mt/yr cement grinding plant costing US$70m for commissioning by the end of 2016. The foundation stone for the plant in Panagarh, West Bengal was laid by Chief Minister Mamata Banerjee in Panagarh on 26 February 2016.
"The 2M
UltraTech Cement Limited has entered into a binding Memorandum of Understanding with Jaiprakash Associates Limited for the acquisition of its identified cement plants having total cement capacity of 22.4 million tpy situated in the states of Madhya Pradesh,